Borrower versus bank channels in lending: Experimental- and administrative-based evidence
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- dc.contributor.author Michelangeli, Valentina
- dc.contributor.author Peydró, José-Luis
- dc.contributor.author Sette, Enrico
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:50Z
- dc.date.available 2024-11-14T10:09:50Z
- dc.date.issued 2021-12-01
- dc.date.modified 2024-11-14T10:08:20Z
- dc.description.abstract We identify the relative importance for bank lending of borrower (demand-side) versus bank (supply-side) factors. We submit thousands of fictitious mortgage applications, changing one borrower-level factor at time, to the major Italian online mortgage platform. Each application goes to all banks. Borrower and bank factors are equally strong in causing and explaining loan acceptance. For pricing, borrower factors are instead stronger. Moreover, banks supplying less credit accept riskier borrowers. Exploiting the administrative credit register, there is borrower-lender assortative matching, and the bank-level strength measure estimated on the experimental data is associated to credit supply and risk-taking to real firms.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1809
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68617
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1809
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword credit; banks; mortgages; smes; risk-taking.
- dc.subject.keyword Finance and Accounting
- dc.title Borrower versus bank channels in lending: Experimental- and administrative-based evidence
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper